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RE: BITCOIN –Short-Term Update, Bias, & Key Statement for 6-12-2018
Excellent update as usual. I really like the extra little descriptions you gave like the relationship between the earlier bearish pennant and the potential timing of a low.
I would be really interested in other similar nuggets. A couple of examples: what is the basis for your identification of turning points? How specifically do you identify your price targets (realizing this could be a combination of things) and especially what is the basis for the lines you identify as defending a particular price target?
Anyway, great job. If I had any SP I would give you more than my currently meaningless upvote.
Thanks, @cannonball6. The turn-dates are a product of the Fibonacci sequence when they are strategically set from key pivot highs or lows from past price data.
Price targets are mostly a product of measuring point values against patterns and then extrapolating those values to breakout points, which then provides the basis for respective price targets.
Thanks again, bro... Hope that helps...